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NPK - Nampak`s Growth Strategy Receives R600m Boost Media Release Nampak Limited (Incorporated in the Republic of South Africa) (Registration number 1968/008070/06) ISIN: ZAE000071676 Share code: NPK ("Nampak") Media Release Nampak`s growth strategy receives R600m boost Johannesburg, Wednesday 3 October 2007: Nampak`s growth strategy has received another boost with the announcement that the company will invest R600 million in a state-of-the-art beverage can manufacturing facility in Angola. Addressing the media in Johannesburg today, Nampak Group CEO, John Bortolan, said that while the Angola beverage can facility is one of the most significant Greenfield investments in the company`s history, it`s part of a series of growth initiatives, in which Nampak has invested over R1.5 billion in the past 12 months. The Angolan beverage can facility will be built in Viana, a newly developed industrial area near the country`s capital, Luanda. The latest beverage can-making technology will be installed on the site and will include the fastest beverage steel can production line in the southern hemisphere. Commissioning is expected to take place in mid 2009. The decision to expand into Angola is part of the company`s Africa strategy, which includes investing in high growth areas and partnering customers in new territories. With an annual growth rate of over 20%, the Angolan economy is one of the most rapidly growing in Africa. The Angolan beverage can market is estimated to be in excess of 600 million cans per year, of which Nampak currently supplies some 400 million cans from its South African operations. The balance is sourced from overseas markets. The new Nampak facility will be able to produce up to 700 million cans annually and has been designed to accommodate a second line in order to meet future growth. The freed up capacity in South Africa will be available to meet growing demand locally. For John Bortolan, the Angolan project represents the culmination of a busy year, which has seen the company invest in a number of growth initiatives. "We have stated that Nampak is pursuing a growth strategy and this has seen us focus on several specific areas." Among the flagship projects are major investments in a cartons & labels facility in Nigeria, as well as a paper mill and glass plant refurbishment in South Africa. John anticipates that the Angolan investment will form the platform for further Nampak growth in that country. Nampak Africa MD, Neil Cumming, said that the Angolan beverage can facility was expected to make an important contribution to the performance of Nampak Africa in the years ahead. "However, we plan to make an equally important contribution to the people of Angola through job creation and skills training, as well as the importation of world-class equipment and a reduction in the quantity of imported cans, which will all be positive for the Angolan economy." Sandton 3 October 2007 Sponsor: UBS South Africa (Pty) Ltd Date: 03/10/2007 12:33:24 Supplied by www.sharenet.co.za Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.
